Massachusetts Financial Services Co. MA Buys 48,900 Shares of American International Group, Inc. $AIG

Massachusetts Financial Services Co. MA raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,390,248 shares of the insurance provider’s stock after purchasing an additional 48,900 shares during the period. Massachusetts Financial Services Co. MA owned 0.61% of American International Group worth $266,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Eastern Bank increased its position in shares of American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in American International Group during the second quarter worth $32,000. GFG Capital LLC bought a new position in American International Group during the second quarter valued at $33,000. Motco raised its stake in shares of American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 380 shares during the period. Finally, Barrett & Company Inc. purchased a new stake in shares of American International Group in the second quarter valued at $35,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the topic of several analyst reports. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Evercore ISI boosted their target price on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Morgan Stanley reduced their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Jefferies Financial Group raised their price target on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $87.68.

American International Group Trading Down 1.6%

NYSE AIG opened at $72.85 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market cap of $39.31 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.70 and a beta of 0.62. The company has a 50 day moving average price of $79.55 and a 200 day moving average price of $79.67. American International Group, Inc. has a 52 week low of $71.74 and a 52 week high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same period last year, the business posted $1.23 earnings per share. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were paid a $0.45 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.5%. American International Group’s dividend payout ratio is presently 32.73%.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.